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Segment Information
 3 Months Ended
Mar. 31, 2024
Segment Information [Abstract]  
Segment Information Segment Information
The operating segments reported below are the segments for which separate financial information is available and for which segment results are evaluated by the chief operating decision makers. Our operating segments are organized based on factors including, but not limited to, type of business transactions, geographic location and store ownership. Within our operating segments, we offer merchandise for lease from certain basic product categories, such as: furniture, including mattresses; tires; consumer electronics; appliances; tools; handbags; computers; smartphones; and accessories.
Segment information as of and for the three months ended March 31, 2024 and 2023 is as follows:
Three Months Ended March 31,
(in thousands)20242023
Revenues
Acima$561,346 $483,847 
Rent-A-Center
485,753 485,008 
Mexico20,567 17,430 
Franchising28,301 29,776 
Total revenues$1,095,967 $1,016,061 
Three Months Ended March 31,
(in thousands)20242023
Gross profit
Acima$169,302 $155,144 
Rent-A-Center337,643 331,725 
Mexico14,716 12,391 
Franchising7,407 7,004 
Total gross profit$529,068 $506,264 
Three Months Ended March 31,
(in thousands)20242023
Operating profit (loss)
Acima$51,911 $53,870 
Rent-A-Center74,774 68,961 
Mexico1,696 995 
Franchising3,364 4,760 
Total segments131,745 128,586 
Corporate(1)
(69,983)(163,699)
Total operating profit (loss)$61,762 $(35,113)
(1) Includes stock compensation expense of $4.9 million and $109.5 million recognized for the three months ended March 31, 2024 and 2023, respectively, related to common stock issued to Acima Holdings employees under restricted stock agreements as part of the acquisition consideration subject to vesting restrictions as described in Note 10.
Three Months Ended March 31,
(in thousands)20242023
Depreciation and amortization
Acima(1)
$290 $427 
Rent-A-Center4,990 4,970 
Mexico346 242 
Franchising36 38 
Total segments5,662 5,677 
Corporate(2)
7,811 7,204 
Total depreciation and amortization
$13,473 $12,881 
(1) Excludes amortization expense of approximately $12.7 million and $14.2 million for the three months ended March 31, 2024 and 2023, respectively, recorded to Other gains and charges in the Condensed Consolidated Statements of Operations, related to intangible assets acquired upon closing of the Acima Holdings acquisition. See Note 8 for additional information.
(2) Excludes depreciation expense of approximately $8.5 million and $4.0 million for the three months ended March 31, 2024 and 2023, respectively, recorded to Other gains and charges in the Condensed Consolidated Statements of Operations, related to software acquired upon closing of the Acima Holdings acquisition and accelerated software depreciation. See Note 8 for additional information.
Three Months Ended March 31,
(in thousands)20242023
Capital expenditures
Acima$219 $58 
Rent-A-Center4,191 2,977 
Mexico792 716 
Franchising— 1 
Total segments5,202 3,752 
Corporate6,615 5,782 
Total capital expenditures$11,817 $9,534 
(in thousands)March 31, 2024December 31, 2023
On rent rental merchandise, net
Acima$577,865 $606,912 
Rent-A-Center453,970 478,774 
Mexico24,546 24,210 
Total on rent rental merchandise, net$1,056,381 $1,109,896 
(in thousands)March 31, 2024December 31, 2023
Held for rent rental merchandise, net
Acima$— $498 
Rent-A-Center121,449 112,129 
Mexico10,649 11,540 
Total held for rent rental merchandise, net$132,098 $124,167 
(in thousands)March 31, 2024December 31, 2023
Assets by segment
Acima$1,180,078 $1,221,845 
Rent-A-Center1,018,963 1,061,107 
Mexico59,920 57,347 
Franchising19,258 18,023 
Total segments2,278,219 2,358,322 
Corporate348,765 363,108 
Total assets$2,626,984 $2,721,430